Options Market Statistics: Tesla Breaks $200 Intraday, Nike Tanks 20% To 4-Year Low

Options Newsman wrote a column · Jun 29, 2024 10:09

News Highlights

$Tesla (TSLA.US)$shares ended 0.23% higher. Its options trading volume was 3.24 million. Call contracts account for 52% of the total trading volume. The $200 calls expiring June 28 were traded most actively.

Tesla stock rose past $200 for the first time in almost three months, part of a series of gains that are raising the stakes for the shares ahead of the EV maker’s second-quarter delivery report. Shares traded as high as $203.20 on Friday, although it didn’t last. Tesla stock closed at $197.88, up 0.2%, while the S&P 500 and Dow Jones Industrial Average dropped 0.4% and 0.1%, respectively.

Options Market Statistics: Tesla Breaks $200 Intraday, Nike Tanks 20% To 4-Year Low

$Nike (NKE.US)$shares ended 19.98% lower. Its options trading volume was 1.15 million. Call contracts account for 27% of the total trading volume.The $75 puts expiring June 28 were traded most actively.

Nike’s stock has plunged as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant’s efforts to stem market share losses to upstart brands such as On and Hoka.

Unusual Stock Options Activity

There was a noteworthy activity in $Nike (NKE.US)$, where multiple calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 231.7x with 33357 contracts.

Daily Active Index & Sector ETF Options

Source: Barchart, Unusual Whales, The Guardian, Bloomberg

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